Indian regulators could clear the way for the electronic trading of interest rate swaps as early as this month, officials said, as part of a Reserve Bank drive to increase trade volumes in the country's under-developed domestic debt market.

New regulations are bringing together the previously separated worlds of over-the-counter and exchange-traded derivatives, said Steve Grob director of group strategy at Fidessa. He has recently published a paper on the topic “You Only Live...

Electronic trading (etrading) is a method of trading securities (such as stocks and bonds), foreign currency, and exchange traded derivatives electronically. It uses information technology to bring together buyers and sellers through electronic media to create a virtual market place. NASDAQ, NYSE Arca and Globex are examples of electronic market places. Exchanges that facilitate electronic trading in the United States are regulated by either the Securities and Exchange Commission or the Commodity Futures Trading Commission.